Bhargav Dave

141414

News

4th November, 2014

Business Line
Implication

Modest recovery in
October manufacturing
activity

This reflects the improvement in operating conditions.

Finance ministry asks

RBI to ease infra
funding norms

Finance ministry seeks to give a push to important projects so it

has asks for relaxation in the norms

Bank credit up just

1.76% in March-Sept:
RBI

because of the poor demand from the corporate and banks'

reluctance to lend money has pull down the growth rate of the
bank credit

Mighty dollar pushes

gold to 4-year low

Gold prices fell to four year low because of the dollar index rises to
three year high.

Stainless steel imports

from China to double in
2014

This is because the domestic manufactures are unable to use their

full capacity, due to which the imports are increased.

News

5th November, 2014

Business Line
Implication

Restructured loans of
banks may zoom by Rs.
1 lakh cr in next 5
months

This will be the result of the financial distress corporate are facing.

India-focused hedge
funds continue to beat
markets

The Indian hedge funds continue to beat market and because of

that the party without Indian hedge funds would be facing tough
times.

Wealthy investors loads

up equity mutual funds
as market rallies

The big investors are taking route of mutual funds because the
MFs as shown more security in the last quarter.

Gold may drop further

despite nominal gains

This simply implies that there is excess supply of the metal.

IRCA says repo rate to

stay unchanged this
fiscal

RBI wont be changing repo rate in the coming fiscal because that
would help RBI to fight against inflation.

News
SEBI set to allow
foreign VCs to finance
core investment firms

6th November, 2014

Business Line
Implication
Basically these VCs are going to invest in CIC, which is directly
related with the investments in the infrastructures, so this could be
a good news for the infra sector.

Govt to issue
clarification on FDI in
construction
Govt to pick coal blocks
for public sector units
in 10 days

It seems from the news that there is a possibility of liberalization

the real estate sector.

Indias forex reserves

up $1.73 billion

It simply implies increase in the exports and the assets held from
the forex.

News

The Coal Ministry will within 10 days decide on the number of

blocks it wants to keep out of the auction pool for government
companies.

7th November, 2014

Business Standard
Implication

79 sick PSUs await FM's

privatisation move

It is because they can sell off some stake to private players in

order to make those sick units profitable.

Car dealers stare at

longer break even
periods

This is because of slow movement in the inventory because of less

demand.

Need to up savings
rate for 7% GDP
growth: HSBC
MF investments rise
from smaller cities
town

News

HSBC is at opinion that savings rate needs to go up by at least 5 %

points to 35%, if country wants economy growth at 7-8 %.
Due to growing capital market the investors from the smaller cities
are also intrigued by the MFs. They contribute almost 14% of the
total mutual fund sector.
8th November, 2014
Business Line
Implication

RBI not ready to cut

rates despite inflation
dip

Because of the high input costs and elevated food prices

complicating fight against price rise.

Fall in forex loss props

up Essar Oil's Q2 net
profit.

Due to sharp reduction in the forex losses the company has to face
loss in the quarter 2.

India Ratings lowers

growth forecast to
5.6%.
CBDT to IT officers:
make proper tax

The rating agency marginally lowers down the estimates because

of poor industrial performance. This could be a reason for slip on
fiscal deficit front.
CBDT has asked to play proactive roles in ensuring that high
pitched assessment shouldn't be done without proper basis

assessments
Income inequality,
jobless growth are key
concerns world over:
WEF

This is the problem which is faced by India also. In India the

income inequality is at greater rate.